Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of Wayfair stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $38.73, for a total transaction of $19,365.00. Following the sale, the chief operating officer now directly owns 603,360 shares in the company, valued at approximately $23,368,132.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

James Savarese also recently made the following trade(s):

  • On Thursday, September 15th, James Savarese sold 2,867 shares of Wayfair stock. The stock was sold at an average price of $39.55, for a total transaction of $113,389.85.
  • On Wednesday, September 7th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $40.28, for a total transaction of $20,140.00.
  • On Wednesday, August 31st, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.40, for a total transaction of $19,200.00.
  • On Wednesday, August 24th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.18, for a total transaction of $19,090.00.
  • On Wednesday, August 17th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $37.80, for a total transaction of $18,900.00.
  • On Monday, August 15th, James Savarese sold 1,168 shares of Wayfair stock. The stock was sold at an average price of $39.40, for a total transaction of $46,019.20.
  • On Wednesday, August 10th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.41, for a total transaction of $19,205.00.
  • On Wednesday, August 3rd, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $46.14, for a total transaction of $23,070.00.
  • On Wednesday, July 27th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $40.32, for a total transaction of $20,160.00.
  • On Wednesday, July 20th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $39.67, for a total transaction of $19,835.00.

Shares of Wayfair Inc. (NYSE:W) opened at 42.06 on Wednesday. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00. The firm’s market capitalization is $3.57 billion. The stock has a 50 day moving average of $40.27 and a 200-day moving average of $40.38.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The company earned $755.70 million during the quarter, compared to the consensus estimate of $782.43 million. During the same period last year, the company earned ($0.15) earnings per share. Wayfair’s revenue for the quarter was up 60.0% on a year-over-year basis. Analysts expect that Wayfair Inc. will post ($1.67) earnings per share for the current year.

A number of hedge funds have recently modified their holdings of W. Metropolitan Life Insurance Co. NY increased its stake in shares of Wayfair by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,548 shares of the company’s stock worth $629,000 after buying an additional 269 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Wayfair by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 124,005 shares of the company’s stock worth $4,836,000 after buying an additional 422 shares during the period. Teachers Advisors Inc. increased its stake in shares of Wayfair by 2.3% in the first quarter. Teachers Advisors Inc. now owns 30,241 shares of the company’s stock worth $1,307,000 after buying an additional 691 shares during the period. Legal & General Group Plc increased its stake in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on W. Maxim Group began coverage on shares of Wayfair in a research report on Thursday, May 26th. They issued a “buy” rating and a $50.00 target price for the company. Wedbush lowered their price objective on shares of Wayfair from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. William Blair started coverage on shares of Wayfair in a research report on Friday, June 10th. They set a “market perform” rating for the company. Longbow Research started coverage on shares of Wayfair in a research report on Thursday, June 16th. They set a “neutral” rating for the company. Finally, Oppenheimer Holdings Inc. reaffirmed a “sector perform” rating on shares of Wayfair in a research report on Sunday, August 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $51.49.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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